MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SHARMA ORIENT TEPPICH IMPORT UND GROßHANDEL  GMBH

 

 

Registered Office :

Kirchberg 6a D 87448 Waltenhofen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1997

 

 

Com. Reg. No.:

HRB 6071

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

4

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Sharma Orient Teppich Import und Großhandel  GmbH

 

 Company Status:      active

                      Kirchberg 6a

                      D 87448 Waltenhofen

                      Telephone:08303/920458

                      Telefax:  08303/920444

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        1997

 Shareholders'

 agreement:                    08.01.1997

 Registered on:               05.03.1997

 Commercial Register:    Local court 87435 Kempten

 under:                          HRB 6071

 

 

Share capital                      

 

EUR             25,564.60

 

 

Shareholder

 

Subash Chander Sharma

Stoffelbergweg 5

D 87448 Waltenhofen

born: 02.03.1951

Share:             EUR             19,173.45

 

Shareholder:

Pawan Kumar

614 Motasingh Nagar

IND - Jalandhar

born: 05.03.1962

Share:             EUR              6,391.15

 

Manager:

Subash Chander Sharma

Stoffelbergweg 5

D 87448 Waltenhofen

having sole power of representation

born: 02.03.1951

Profession: Businessman

 

 

Further functions/participations of Subash Chander Sharma

(Manager)

 

Proprietor:

Neue Möbelschau-Teppichschau-Sharma e.K.

Bahnhofstr. 50

D 87448 Waltenhofen

Legal form: Sole proprietorship

Registered

on:         24.08.2006

Reg. data:  87435 Kempten, HRA 8585

 

Limited partner:

Ziebart & Boden GmbH & Co. KG

Hochstr. 24

D 56317 Linkenbach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR            122,710.05

contribution:

Share:             EUR             61,355.03

Registered

on:         18.06.1965

Reg. data:  56410 Montabaur, HRA 10488

 

Shareholder:

Ziebart & Boden Betriebs- und

Verwaltungsgesellschaft mit beschränkter

Haftung

Hochstr. 24

D 56317 Linkenbach

Legal form: Private limited company

Share capital:     EUR             26,075.88

Share:             EUR             13,037.94

Registered

on:         24.03.1971

Reg. data:  56410 Montabaur, HRB 10363

BUSINESS ACTIVITIES

 

 Sectors

 46410   Wholesale of textiles

46470   Wholesale of furniture, carpets and rugs and lighting

47530   Retail sale of carpets, rugs, wall and floor coverings

47783   Retail sale of objects of art, handcrafts, stamps, coins and gift articles

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Balance sheet year:  2010

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Kirchberg 6a

                      D 87448 Waltenhofen

 

 Land register documents were not available.

 

 

BANKERS

 

 POSTBANK (GIRO), MÜNCHEN

 Sort. code: 70010080, BIC: PBNKDEFF700

 RAIFFEISENBANK OBERALLGÄU-SÜD, WALTENHOFEN, ALLGÄU

 Sort. code: 73369920, BIC: GENODEF1SFO

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR            532,000.00

                      2011               EUR            550,000.00

 Profit:              2010               EUR             15,535.00

 further business figures:

 Equipment:                              EUR             24,000.00

 Ac/ts receivable:                       EUR          1,373,560.00

 Liabillities:                           EUR          1,571,246.00

 Employees:                                                      4

 - thereof permanent staff:                                      1

 - Part-time employees:                                          2

 - Temporary workers:                                            1

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 29.75

 Liquidity ratio:                   1.17

 Return on total capital [%]:       1.02

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 31.23

 Liquidity ratio:                   1.19

 Return on total capital [%]:      -2.96

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 27.28

 Liquidity ratio:                   1.10

 Return on total capital [%]:      -3.51

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 21.56

 Liquidity ratio:                   1.20

 Return on total capital [%]:      -0.01

 

 Equity ratio

 The equity ratio indicates the portion of the equity as compared

 to the total capital. The higher the equity ratio, the better the

 economic stability (solvency) and thus the financial autonomy of

 a company.

 

 Liquidity ratio

 The liquidity ratio shows the proportion between adjusted

 receivables and net liabilities. The higher the ratio, the lower

 the company's financial dependancy from external creditors.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

 

 

 

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          1,792,178.09

  Fixed assets                           EUR             23,257.57

   Intangible assets                     EUR                119.00

    Other / unspecified intangible assetsEUR                119.00

   Tangible assets                       EUR              7,375.00

    Other / unspecified tangible assets  EUR              7,375.00

   Financial assets                      EUR             15,763.57

    Other / unspecified financial assets EUR             15,763.57

  Current assets                         EUR          1,768,920.52

   Stocks                                EUR            275,953.30

   Accounts receivable                   EUR          1,373,560.46

    Other debtors and assets             EUR          1,373,560.46

   Liquid means                          EUR            119,406.76

 

 LIABILITIES                             EUR          1,792,178.09

  Shareholders' equity                   EUR            210,832.29

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Reserves                              EUR                554.75

    Capital reserves                     EUR                554.75

   Balance sheet profit/loss (+/-)       EUR            184,712.95

    Profit / loss brought forward        EUR            169,178.02

    Annual surplus / annual deficit      EUR             15,534.93

  Provisions                             EUR             10,100.00

  Liabilities                            EUR          1,571,245.80

   Other liabilities                     EUR          1,571,245.80

    Unspecified other liabilities        EUR          1,571,245.80

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          1,563,752.44

  Fixed assets                           EUR              9,928.00

   Intangible assets                     EUR              1,553.00

    Other / unspecified intangible assetsEUR              1,553.00

   Tangible assets                       EUR              8,375.00

    Other / unspecified tangible assets  EUR              8,375.00

  Current assets                         EUR          1,553,824.44

   Stocks                                EUR            316,521.60

   Accounts receivable                   EUR          1,233,152.53

    Other debtors and assets             EUR          1,233,152.53

   Liquid means                          EUR              4,150.31

 

 LIABILITIES                             EUR          1,563,752.44

  Shareholders' equity                   EUR            106,709.00

   Capital                               EUR             26,119.34

    Subscribed capital (share capital)   EUR             26,119.34

   Balance sheet profit/loss (+/-)       EUR             80,589.66

    Profit / loss brought forward        EUR            126,819.13

    Annual surplus / annual deficit      EUR            -46,229.47

  Provisions                             EUR             33,822.88

  Liabilities                            EUR          1,423,220.56

   Other liabilities                     EUR          1,423,220.56

    Unspecified other liabilities      EUR          1,423,220.56

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.